November job numbers coming

by Russ Roberts on December 3, 2009

in Intervention

The consensus is that it’s still going to get worse before it gets better.

What fascinates me is that the American people, not being sophisticated in the use of the counterfactual and sophisticated statistical analysis are increasingly blaming Obama for the troubles of the economy. This may not be fair. But it is the way it’s playing out. If the unemployment numbers continue to climb through the spring we are going to see increased panic and intervention by Congress.

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